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| Exchange Received Time 14/08/2018 19:54:46 Exchange Disseminated Time 14/08/2018 19:54:51 Time Taken 00:00:05 | | The Board of Directors of the Company (Co.) at its meeting held today, inter alia, considered & approved (a) convening of 23rd AGM of the Company on 21.09.2018. (b) the proposal of raising funds aggregating up to Rs. 8,000 crores, by way of issue of bonds/ debentures/ equity shares/ other eligible securities of the Co., on private placement / public issue basis to any class of investors, including by way of a qualified institutions placement to qualified institutional buyers, in accordance with Chapter VIII of SEBI ICDR Regulations and other applicable legal provisions & seeking shareholders' approval for it in the said ensuing AGM so as to capitalize and fund IVL Finance Limited and Indiabulls Asset Reconstruction Company Limited, the wholly owned subsidiaries of the Co., for meeting their business requirements and to support future growth of their businesses and to further augment long-term financial resources of the Co. For details please refer the attachment. |
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